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You are borrowing $750,000 to invest in a commercial real estate property.The loan requires quarterly payments, each made at the end of the quarter.The loan

You are borrowing $750,000 to invest in a commercial real estate property.The loan requires quarterly payments, each made at the end of the quarter.The loan period is 5 years, and the interest rate is 8%.What will your payment be?How much of the 2ndpayment goes towards principal reduction?

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